The Renewable Diesel Boom: What Does the Future Look Like?
Scott Irwin will explore the current state and future of the U.S. renewable diesel industry, covering production trends, policy drivers, and the impact on feedstock demand.
Farm Policy: Current State & A Look Ahead
Jonathan Coppess will review the 2018 Farm Bill's extension and its effects on programs critical to the 2024 crop year. He will also address the prospects for new Farm Bill legislation amidst political challenges and funding complexities.
Grain Market Outlook
Joe Janzen will analyze 2024's grain price forecasts and global market trends, discussing the implications for grain marketing strategies in light of supply and demand estimations.
South America’s Crop Production Under the El Niño Influence
Joana Colussi will provide an update on South America's crop production, especially soybeans and corn in Brazil and Argentina, and discuss export challenges considering supply, exchange rates, and global demand.
Macro and Farm Financial Update
Brad Zwilling and Gerald Mashange will analyze economic factors impacting agriculture, focusing on inflation, interest rates, and farm credit conditions. Utilizing Illinois FBFM data, they'll assess the financial state of Illinois farms, covering topics like income, land values, and debt.
Farm Income and Return Outlook
Nick Paulson will examine the forecasted financial returns and net incomes for Illinois farms in 2024, against the recent downturn in commodity prices. He'll explore the impact of persistent high production costs in a low-price environment and suggest strategies to manage the expected tighter margins.
Illinois Farm Economic Summit 2024
Tuesday, January 9, 2024 – Mt. Vernon, IL – DoubleTree Hotel
Wednesday, January 10, 2024 – Peoria, IL – Par-a-dice Hotel
Thursday, January 11, 2024 – Dekalb, IL – NIU Barsema Alumni & Visitors Center
!!! CLICK HERE FOR UPDATED WEATHER RELATED INFORMATION !!!
2022 Farm Assets Conference
The 2022 Farm Assets Conference is past. However, you can view the pdf slides here. Topics included:
Updating the Carbon Market Landscape | Crop Prospects in Argentina & Brazil | The 2023 Farm Bill
Ukraine, Russia, Spring Fertilizer Prices & Crop Budgets | farmdoc S&D Tables & Price Prospects
ACE Commodity Markets Discussion | Field Crops Production Issues | The Value of Farmland
Policy Update for 2022
While no major changes have been made to crop insurance or commodity programs for 2022, major legislation has been moving through Congress this fall that will have impacts on agriculture. The Infrastructure Investment and Jobs Act includes funding for a range of investments that will impact agriculture and rural communities. The Build Back Better framework’s focus on climate change includes support for clean energy, conservation, and climate smart agriculture. This policy update will focus discussion on the current state of…
Farmland Values and Rental Rates for 2022
Farmland market prices have risen dramatically over the past 12-18 months, and cash rents for 2022 experienced upward pressure as well. Factors affecting farmland markets and rental rates will be discussed including prospects for future income, impacts of continuing low interest rates, monetary policy changes, inflation updates, and export driven demand. Expanding investor interest in the asset class, new technologies for managing farmland investments, and historically low capital costs have all supported farmland valuations as well, but uncertainty around each…
Supply Bottlenecks and Management Decisions
Covid control measures have led to supply chain issues that appear to be worsening for the 2022 production year. General price inflation also is occurring. As a result, all input costs will be considerably higher in 2022 as compared to 2021. We will discuss recent increases in costs and assess their impacts on the upcoming production year. Much of the focus will be on fertilizer decisions.
Farm Income Outlook for 2022
The economic situation on Illinois grain farms has brightened with higher grain prices, resulting in relatively high incomes for 2021. Prices in 2022 could continue to be above the long-run average, but costs will increase substantially. If prices remain above average, incomes in 2022 likely will be near average. However, the higher 2022 costs require much higher corn and soybean prices to reach break-even.
Grain Market Outlook for 2022
Corn and soybean prices currently sit at historically high levels. A crucial question for 2022 is how long should we expect the good times to last? In this webinar, we discuss the 2022 supply and demand outlook for corn and soybeans. Two key factors are highlighted: trade with China and acreage supply response.
Farmland Markets and Macro Markets
Farmland is receiving significantly increased attention by owners and investors seeking to make sense out of the scrambled economic signals of the recent past. Historically, the conventional narrative around farmland as a financial asset is that the returns are positively correlated with inflation, have low or negative correlation with equities, and have positive portfolio benefits in well-diversified holdings due to the relative lack of response to short-term broad market movements. The Fed has signaled an intent to target higher inflation,…
Straining the alphabet soup: Post-election farm policy outlook after three years of ad hoc farm payments
We consider both the short- and medium-run outlook for US farm policy following the 2020 election. We provide an updated review of three years and four rounds of ad hoc farm payments, including an analysis of payment distribution and program design for the Market Facilitation Program (MFP) and Coronavirus Food Assistance Programs (CFAP). We discuss what the perceived need for ad hoc assistance says about standing farm programs such as Agricultural Risk Coverage (ARC) and Price Loss Coverage (PLC) and…
Farm Program and Crop Insurance Decisions for 2021
The election and enrollment period for the ARC and PLC programs for the 2021 crop year is now open, and decisions must be made by March 15th. A new crop insurance program, the Enhanced Coverage Option (ECO), will also be available for crops produced throughout the Midwest. ECO is a county-based program, similar to the Supplemental Coverage Option (SCO) that can be used to supplement underlying multi-peril coverage for eligible crops. This session will address these decisions, and provide some…
2020 and 2021 Grain Farm Income Outlook with Risk and Rental Implications
Grain farm incomes in 2020 were supported by above-trend yields, higher prices than expected, and several forms of Federal payments. These 2020 incomes serve as a backdrop for 2021 income projections. Sufficient 2021 incomes will be dependent on a combination of above-trend yields and continued Federal payments. Risk management will be critical, and several new tools are available this year. Levels of cash rental likely will depend on continued Federal payments.
2021 Market Outlook for Corn and Soybeans
In a year stricken by the coronavirus pandemic and an extremely severe economic contraction, corn and soybean prices have risen to levels that seemed impossible just a couple of months ago. A critical question for 2021 is the likelihood of sustaining corn prices near $4 and soybeans near $11. In this webinar, we discuss the 2021 supply and demand outlook for corn and soybeans and the longer-term outlook for trade with China.